Price for Mollusc Preparations; Octopus, Prepared or Preserved in Germany - 2023

Contents:

1. Price for Mollusc Preparations; Octopus, Prepared or Preserved in Germany (CIF) - 2023
2. Price for Mollusc Preparations; Octopus, Prepared or Preserved in Germany (FOB) - 2023
3. Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Germany
4. Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Germany

Price for Mollusc Preparations; Octopus, Prepared or Preserved in Germany (CIF) - 2023

The average import price for mollusc preparations; octopus, prepared or preserveds stood at $18,504 per ton in September 2023, declining by -20.9% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 when the average import price increased by 41% m-o-m. The import price peaked at $24,745 per ton in April 2023; however, from May 2023 to September 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Indonesia ($19,827 per ton), while the price for Vietnam ($16,450 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Mollusc Preparations; Octopus, Prepared or Preserved in Germany (FOB) - 2023

The average export price for mollusc preparations; octopus, prepared or preserveds stood at $27,502 per ton in September 2023, almost unchanged from the previous month. Over the period from December 2022 to September 2023, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in April 2023 when the average export price increased by 34% m-o-m. As a result, the export price reached the peak level of $31,185 per ton. From May 2023 to September 2023, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

From December 2022 to September 2023, the rate of growth in terms of prices for France amounted to +15.5% per month.

Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Germany

In 2022, approx. 842 tons of mollusc preparations; octopus, prepared or preserveds were imported into Germany; increasing by 8.9% on the previous year's figure. Over the period under review, imports recorded buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 138%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of mollusc preparations; octopus, prepared or preserveds surged to $12M in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 122%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Suppliers of Mollusc Preparations; Octopus, Prepared or Preserved to Germany in 2022:

1. Spain (311.3 tons)
2. Belgium (219.0 tons)
3. Italy (129.0 tons)
4. Vietnam (113.5 tons)
5. China (34.9 tons)
6. Netherlands (11.4 tons)
7. Indonesia (10.8 tons)

Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Germany

For the third consecutive year, Germany recorded decline in overseas shipments of mollusc preparations; octopus, prepared or preserveds, which decreased by -9.7% to 56 tons in 2022. Over the period under review, exports saw a deep contraction. The smallest decline of -2.3% was in 2021.

In value terms, exports of mollusc preparations; octopus, prepared or preserveds expanded modestly to $1.2M in 2022. In general, exports saw a noticeable decline. The most prominent rate of growth was recorded in 2020 when exports increased by 15% against the previous year. As a result, the exports reached the peak of $1.6M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Mollusc Preparations; Octopus, Prepared or Preserved from Germany in 2022:

1. Sweden (10.2 tons)
2. Austria (8.7 tons)
3. France (6.2 tons)
4. Belgium (5.5 tons)
5. Netherlands (3.3 tons)
6. Switzerland (2.6 tons)
7. Ireland (2.2 tons)
8. Luxembourg (2.0 tons)
9. Italy (1.9 tons)
10. Spain (1.2 tons)
11. Bulgaria (1.2 tons)
12. Czech Republic (0.9 tons)
13. United Kingdom (0.6 tons)

Source: IndexBox Market Intelligence Platform